In Depth

A High Seas Comeback for Sails? Shipping Industry Sees Potential

As the shipping industry struggles with high fuel costs and tepid demand, some innovators say that high-tech sails may hold the secret to cheaper and cleaner fuel.

Capital Product Partners L.P., an international diversified shipping company, released its financial results for the second quarter ended June 30, 2014. Mr. Ioannis Lazaridis, Chief Executive and Chief Financial Officer of the Partnership's General Partner, commented: "We are very pleased to see the improved operating surplus of the Partnership for the first half 2014, which is primarily the result of the steps we have taken during 2013 to grow the Partnership by increasing our fleet size by a total of five container vessels, each with long term period coverage."

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Greek coastal shipping is set to enter a new era following the Attica Group's extraordinary shareholders meeting set to go ahead on Monday that will discuss the issue of a convertible bond of up to EUR 50 million.
Positive estimates emerged this week for the business of major South Korean shipbuilders based on fuel efficient vessel designs for commercial vessels, Golden Destiny reports .
Japanese controlled supramax BULK LEO has attracted a firm $22.7 million from Greek buyers (hearing clients of A.M. Nomikos or clients of Almi), Lion Shipbrokers report...
Dorian LPG Ltd. a leading owner and manager of modern VLGC’s announced that it has entered into a Memorandum of Understanding, with HNA Logistics Group Co., Ltd. to explore opportunities in the liquefied petroleum gas logistics market.
Delta Air Lines Inc’s refining unit has chartered a U.S.-flagged oil tanker for the first time, allowing it to tap directly into cheap Texas shale oil as the company overhauls its supply strategy.
Freight rates ticked up for trans-Atlantic Panamax runs as prompt tonnage was met with a fair volume of inquiry, but the long-term outlook remained uncertain, shipping sources said.
Rates for very large crude carriers (VLCCs) on key Asian freight routes could hold steady or gain next week as charterers seek to complete their vessel chartering programme for the first 20 days of August, brokers said on Friday.
Who would have thought it? Nowadays a surprising number of people around the world seem to know about shipbuilding. Even taxi drivers can sometimes tell you there’s been a shipbuilding boom, and they’re right...










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